October 2019 Broward County Market Report
Med time to contract
We take a look at the Broward County housing market in our Market Update for the Sua Team! There are 1,872 "Just Listed", 5,362 "Active" listings, and 1,531 homes that are "Under Contract"! This means that only 28.5% of homes are under contract, giving the buyer plenty of inventory to choose from!
In October of 2019, there were a total of 1,344 homes sold in Broward County. The number of sold homes went up from October of 2018 at a rate of 1.7% and the median time to contract is 46 days. The average med time to contract has increased from 2018, meaning that homes are selling at a slower rate.
Our supply is 4.1 months which is considered a balanced market, meaning that there is enough demand from buyers to equal the supplies from sellers.
If you have any questions about what this means for YOUR home or need specific stats for your area, contact one of our amazing agents or fill out the form below and we will be in touch!
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